{"id":72668,"date":"2023-12-07T08:59:52","date_gmt":"2023-12-07T13:59:52","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=72668"},"modified":"2023-12-07T08:59:52","modified_gmt":"2023-12-07T13:59:52","slug":"coffee-with-greta-waiting-for-the-jobs-report","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/12\/07\/coffee-with-greta-waiting-for-the-jobs-report\/","title":{"rendered":"Coffee With Greta: Waiting For The Jobs Report"},"content":{"rendered":"

Register now<\/strong><\/a> for next week's free pro trader Q&A on LinkedIn with Scott Redler!<\/p>\n

DJIA Futures: <\/b>-8 (-0.02%)<\/span><\/p>\n

SPX Futures: <\/b>+10 (+0.2%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+72 (+0.5%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are mixed as the rally remains stalled ahead of Friday\u2019s jobs report.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Weekly Jobless Claims Rise<\/span><\/h2>\n

Weekly jobless claims rose again last week but still came in below expectations.\u00a0<\/span><\/p>\n

The Labor Department reported 220,000 Americans filed initial claims for unemployment benefits.<\/span><\/p>\n

That was up by 1,000 from the previous week and lower than 222,000 expected.\u00a0<\/span><\/p>\n

Continuing claims fell by 64,000 to 1.861 million vs 1.91 million expected in the week ending November 25.<\/span><\/p>\n

GameStop Falls After Revenue Miss<\/span><\/h2>\n

GameStop <\/b>(GME) shares are down 8.4% ahead of the open after missing Q3 revenue expectations.\u00a0<\/span><\/p>\n

Here\u2019s how the videogame retailer\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • Adjusted EPS: $0.00 vs $0.08 loss expected<\/span><\/li>\n
  • Revenue: $1.078 billion vs $1.182 billion expected<\/span><\/li>\n<\/ul>\n

    GameStop said its net sales in Australia, the U.S., and Canada decreased by 16.8%, 13.3%, and 9.7% respectively.<\/span><\/p>\n

    Net sales in Europe jumped 12.8%.<\/span><\/p>\n

    GameStop did not provide guidance.<\/span><\/p>\n

    Dollar General Jumps On Earnings Beat<\/span><\/h2>\n

    Dollar General <\/b>(DG) shares are up 3.5% in premarket trade after beating Q3 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

    Here\u2019s how the discount retailer\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • EPS: $1.26 vs $1.20 expected<\/span><\/li>\n
    • Revenue: $9.694 billion vs $9.644 billion expected<\/span><\/li>\n<\/ul>\n

      The CEO said, \u201cWhile we are not satisfied with our financial results for the third quarter, including a significant headwind from inventory shrink, we are pleased with the momentum in some of the underlying sales trends, including positive customer traffic, as well as market share gains in both dollars and units.\u201d<\/span><\/p>\n

      Dollar General reiterated its full-year guidance for EPS of $7.10 to $7.60 and a sales increase of 1.5% to 2.5%.<\/span><\/p>\n

      Chewy Tumbles On Sales Miss, Weak Guidance<\/span><\/h2>\n

      Chewy <\/b>(CHWY) shares are dropping 11.6% ahead of the open after missing Q3 sales expectations.\u00a0<\/span><\/p>\n

      Here\u2019s how the online pet-supplies retailer\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

        \n
      • Adjusted EPS: $0.15 vs $0.06 loss expected<\/span><\/li>\n
      • Revenue: $2.74 billion vs $2.75 billion expected<\/span><\/li>\n<\/ul>\n

        Revenue rose 8.2% year over year.<\/span><\/p>\n

        Chewy\u2019s guidance was also weaker-than-expected which is dragging down the stock.\u00a0<\/span><\/p>\n

        The company said it expects full-year revenue between $8.08 billion and $11.1 billion vs $11.24 billion expected.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

        Register now for next week’s free pro trader Q&A on LinkedIn with Scott Redler! DJIA Futures: -8 (-0.02%) SPX Futures: +10 (+0.2%) NASDAQ Futures: +72 (+0.5%) Good morning friends! Futures are mixed as the rally remains stalled ahead of Friday\u2019s jobs report. Let\u2019s get right to it! Weekly Jobless Claims Rise Weekly jobless claims rose again last week but still came in below expectations.\u00a0 The Labor Department reported 220,000 Americans filed initial claims for unemployment benefits. That was up by 1,000 from the previous week and lower than 222,000 expected.\u00a0 Continuing claims fell by 64,000 to 1.861 million vs 1.91 million expected in the week ending November 25. GameStop Falls After Revenue Miss GameStop (GME) shares are down 8.4% ahead of the open after missing Q3 revenue expectations.\u00a0 Here\u2019s how the videogame retailer\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.00 vs $0.08 loss expected Revenue: $1.078 billion vs $1.182 billion expected GameStop said its net sales in Australia, the U.S., and Canada decreased by 16.8%, 13.3%, and 9.7% respectively. Net sales in Europe jumped 12.8%. GameStop did not provide guidance. Dollar General Jumps On Earnings Beat Dollar General (DG) shares are up 3.5% in premarket trade after beating Q3 expectations on the top and bottom line.\u00a0 Here\u2019s how the discount retailer\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS: $1.26 vs $1.20 expected Revenue: $9.694 billion vs $9.644 billion expected The CEO said, \u201cWhile we are not satisfied with our financial results for the third quarter, including a significant headwind from inventory shrink, we are pleased with the momentum in some of the underlying sales trends, including positive customer traffic, as well as market share gains in both dollars and units.\u201d Dollar General reiterated its full-year guidance for EPS of $7.10 to $7.60 and a sales increase of 1.5% to 2.5%. Chewy Tumbles On Sales Miss, Weak Guidance Chewy (CHWY) shares are dropping 11.6% ahead of the open after missing Q3 sales expectations.\u00a0 Here\u2019s how the online pet-supplies retailer\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.15 vs $0.06 loss expected Revenue: $2.74 billion vs $2.75 billion expected Revenue rose 8.2% year over year. Chewy\u2019s guidance was also weaker-than-expected which is dragging down the stock.\u00a0 The company said it expects full-year revenue between $8.08 billion and $11.1 billion vs $11.24 billion expected.\u00a0<\/p>\n","protected":false},"author":41,"featured_media":72679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-72668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=72668"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72668\/revisions"}],"predecessor-version":[{"id":72680,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72668\/revisions\/72680"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/72679"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=72668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=72668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=72668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}